Morning Edition · Friday, July 10, 2026Published at 1:23 AM EDT · New York
Hyperliquid Policy Center and Phantom Ask US Regulator to Write DeFi-Specific Rules
In a joint filing they argue rules built for traditional intermediaries do not map onto decentralized on-chain trading.
The Hyperliquid Policy Center and the wallet developer Phantom urged the United States Commodity Futures Trading Commission (CFTC) to update its rulebook for on-chain trading, arguing in a joint comment that regulations designed for traditi…
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DeFi Pushes for Purpose-Built Rules
As derivatives and spot trading migrate on-chain, protocol operators keep pressing regulators to write rules for code-based execution rather than force decentralized venues into intermediary frameworks.
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